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      07-23-2012, 10:04 AM   #1100
Vanity
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Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

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Quote:
Originally Posted by Hisam135i View Post
very nice! I just finished up my morning trade! Actually made my money off of a call on Citi lol made my 5 cents on my option and got out would have been nice to get a 14%+ return like some people here
Actually, I sold at 8.60 so it was closer to 20%

Waiting ATM to see if it's worth another re-entry for the week. My take is that if it's going to be a bloodbath, we're going to have to see some big moves downward. Now, all over the world we have that, but the current dip-rally is coming up on very very low volume. Friday we saw some huge volume, so I suspect that's the institutional and commercial players already getting out. Something tells me the low volume today is just a small reprieve before more bigger down days. Hrm.

On Friday the VIX futures spread had hit a 3.00 difference and the 25% spike today in spot vix brought the spread down to as low as 0.65! The closest we have been to getting towards a hint of crisis like last year.

Update: currently day trading this baby till I'm resolute on a position at the close. But I just purchased it at 8.20 and it's 8.30 ATM. Might sell at a whim.
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Last edited by Vanity; 07-23-2012 at 10:21 AM.
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